Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends
Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.
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Prepared Remarks of CFPB Director Rohit Chopra at the Better Markets Conference on the 15th Anniversary of the Collapse of Lehman Brothers and the Onset of the Global Financial Crisis
Director Chopra delivered remarks discussing the implosion of Lehman Brothers and the regulatory framework implemented by the CFPB.
Prepared Remarks of CFPB Director Rohit Chopra at The Mortgage Collaborative National Conference
Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.
Consumer advisory: Take action when home insurance is cancelled or costs surge
Homeowners insurance might get more expensive, or not be renewed at all. Mortgage borrowers can take steps to find more affordable options.
Consejos para el Consumidor: Actúe Cuando le Cancelen el Seguro de Vivienda o el Costo Suba
El seguro de vivienda podría ser ponerse más caro o no ser renovado. Los prestatarios hiporecarios pueden buscar opciones más baratas.
CFPB sanciona a Freedom Mortgage y a Realty Connect por cobrar comisiones ilegales
Este prestamista incentivó a Realty Connect y otras compañías de corretaje para que le dieran referencias hipotecarias.
CFPB Penalizes Freedom Mortgage and Realty Connect for Illegal Kickbacks
Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals
Datos del 2022 en crédito hipotecario están disponibles
El FFIEC anunció que están disponibles datos de crédito hipotecario del 2022, reportados bajo la Ley HMDA por 4,460 instituciones financieras nacionales.
FFIEC Announces Availability of 2022 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
CFPB issues order against payment processor ACI Worldwide Corp. and its subsidiary ACI Payments Inc. (ACI) improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions. This is the CFPB’s first action addressing unlawful data handling practices in processing mortgage payments.
CFPB toma Acción Contra ACI Worldwide por Procesar Ilegalmente $2.3 Billones en Pagos Hipotecarios sin la Autorización de los Propietarios de Viviendas
La CFPB actuó contra ACI Worldwide por iniciar $2.3 billones en pagos hipotecarios ilegales. Primera acción de la CFPB para enfrentar prácticas ilegales de procesamiento de pagos.
Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.
Agencias Gubernamentales Proponen Directrices Inter Agenciales sobre Reconsideraciones del Valor de Valuaciones de Propiedades de Bienes Raíces Residenciales
Agencias federales solicitan comentarios públicos sobre directrices para reconsideraciones sobre el valor de transacciones de bienes raíces residenciales.
Agencias solicitan comentarios sobre normativa de tasaciones automáticas
Seis agencias solicitaron comentarios del público sobre normativa diseñada para garantizar credibilidad e integridad en modelos usados en tasaciones de bienes raíces.
Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule
Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations.
CFPB Proposes New Consumer Protections for Homeowners Seeking Clean Energy Financing
The Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.
CFPB Issues Rule to Facilitate Orderly Wind Down of LIBOR
Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule.
CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations.
CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition
Today, the Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement that the use of United States Dollar LIBOR (USD LIBOR) panels will end on June 30, 2023.
Prepared Remarks of Director Rohit Chopra on Zombie Mortgage Debt
Director Chopra hosted a discussion with local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages and other debt collection issues.
CFPB emite directrices contra tácticas ilegales de cobro de hipotecas zombis
CFPB emite directrices a cobradores, cubiertos por la Ley de Prácticas Justas en el Cobro de Deudas, que amenacen con ejecutar viviendas que tengan hipotecas caducadas.
CFPB Announces Revised Methodology for Determining Average Prime Offer Rates
Today, the Consumer Financial Protection Bureau (CFPB) announced a revised version of its “Methodology for Determining Average Prime Offer Rates”.
2022 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2022 are now available on the Federal Financial Institutions Examination Council’s (FFIEC) HMDA Platform for approximately 4,394 HMDA filers.
La CFPB Cierra el Negocio de Préstamos Hipotecarios de la Corporación RMK Financial, por sus Repetidas Ofensas Contra Familias Militares
La CFPB excluyó permanentemente a RMK Financial Corporation de la industria del crédito hipotecario, prohibiéndole hacer actividades o recibir remuneración.
CFPB Shuts Down Mortgage Loan Business of RMK Financial for Repeat Offenses Against Military Families
Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.